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Max is planning to buy an equipment. Model X cost $300 to purchases and result is a costing savings of $150 per year, and last

Max is planning to buy an equipment. Model X cost $300 to purchases and result is a costing savings of $150 per year, and last for 5 years. Model Z cost $450, result in costs savings of $130 per year, and last for 10 years. The discount rate is 20%.

B) Calculate the approximate IRR for both the models

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